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When Does Art Really Lose Its Value?

December 7, 2012

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We, here, at WCM are often asked to tackle the appropriate legal measurement of a work of fine art's loss in value.   Often times, when we get involved, one side or the other has declared the work a "total loss" requiring full market or scheduled value repayment.  But, perhaps, that is the wrong way of looking at things since even damaged art can have value.  This <a href="">interesting article</a> profiles the Salvage Art Institute, an organization that takes the position that even damaged art has value.  The question is -- can that value be measured in terms a court will accept?
For more information about this post, please contact Bob Cosgrove at


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